Univar Inc., a leading global chemical distributor, and Arinos Quimica Ltda. (Arinos), a leading distributor of specialty and commodity chemicals in Brazil, announced Friday that Univar has acquired Arinos. Terms of the acquisition were not disclosed.
John Zillmer, President and CEO of Univar, said Arinos has highly complementary business model to Univar, and provides a strong platform for future growth in the large and rapidly growing Brazilian chemical distribution market.
Svenska Cellulosa AB (SCA) is acquiring the Brazilian hygiene products company Pro Descart. Consideration for the deal amounts to SEK 450 million on a debt-free basis. The company has annual sales of SEK 360 million.
Brazil is the most highly populated country in South America, with 190 million inhabitants and a favorable economic growth. The market for hygiene products has a good growth potential, this applies especially for incontinence care products, having shown double digit growth.
The Ministry of Planning sent to the Brazilian National Congress the Draft 2012 Budget Law. The planned investments for next year total 100 billion dollars, of which 35 billion come from the fiscal budget and 65 billion of state companies. The amount is 8.3% higher than in 2011. Much of this investment will be done in the context of the second Growth Acceleration Program (PAC 2).
In order to expand the number of medical professionals, especially in the countryside, the Brazilian government should launch a National Plan of Medical Education until the end of the year.
With the plan, the government hopes to increase by 4,500 the number of medical doctors who graduate each year. The announcement was made by President Dilma Rousseff during the inaugural class of the Medical School of the University of Pernambuco-Garanhuns, in Northeastern Brazil.
31 August, 2011
LLX Logística S.A., a Brazilian publicly held corporation that is building the Açu Superport Industrial Complex, the largest port-industry investment in Latin America, announced Tuesday that Norway’s Norges Bank Investment Management (NBIM) has acquired 5.3% of LLX´s outstanding shares, corresponding to 36,763,242 shares.
Sika has agreed to acquire Colauto Adesivos e Massas Ltda, a manufacturer of adhesives and sealants as well as acoustic damping and structural reinforcement elements for Latin America’s fast-growing automotive and transportation industry.
Colauto is one of the leading suppliers of chemical process materials for the automotive industry in Latin America. Colauto generated sales of CHF 40 million in 2010 with a workforce of approximately 250.
Ministers from Brazil, South Africa, India and China met in Inhotim, state of Minas Gerais, to discuss climate change and the Rio+20 Conference on Sustainanable Development, to be held next year in Brazil.
Tenaris S.A. announced Monday that it filed a request with CVM (Brazil's securities regulator) and the Sao Paulo stock exchange seeking their approval to a public delisting tender offer to acquire all of the ordinary and preferred shares held by the public in its controlled Brazilian subsidiary Confab Industrial S.A.
The offer, which would be made pursuant to applicable Brazilian laws and regulations, would be subject to customary conditions.
Hitachi Kokusai Electric Inc. has reached an agreement with the Brazilian broadcast transmitter manufacturer Linear Equipamentos Eletrônicos S/A to acquire a majority of Linear's shares by early October 2011.
Hitachi has purposed the investment towards developing a terrestrial digital broadcasting equipment business in South America. Negotiations are proceeding, with both parties targeting the conclusion of a final agreement by September 30.
Brazil Hospitality Group (BHG S.A.) announced the acquisition and administration of five new hotels in Belem, totaling 7 properties in the state capital of Para.
The acquisition will add 1,010 rooms to the portfolio of BHG (385 currently in operation, 405 to be inaugurated in 1Q12 and 220 to be inaugurated in 1Q13) between owned and managed rooms, acquired from the MB Capital Group.
The federal government of Brazil has announced that it will expand its National Program of Oriented Productive Microcredit (PNMPO). With the expansion, the program will be renamed "Growing - National Microcredit Program," and will include new conditions for financing, including lower interest rates and lending targets for public banks. The program will retain its main feature: extending credit opportunities for individual entrepreneurs and micro-enterprises with a turnover of up to R$ 120,000 annually.
Brazilian Gold Corporation announced that, further to the Company's release dated May 19th, 2011; it has received TSX Venture Exchange approval to acquire from Talon Metals Corp. a 100% interest in a regional property package in the Tapajós Mineral Province (TMP) of Northern Brazil.
The package incorporates 16 separate exploration concessions, totaling 115,926 hectares, in an area located either contiguous with or in close proximity to the Company's existing road accessible projects.
Midea Holding Co. Ltd announced its acquisition of majority share in Carrier’s Latin America air-conditioning business. Through its Netherlands subsidiary, Midea acquires 51% of the equity in Carrier Latin America Holding Company while the rest 49% equity will be owned by Carrier. Total transaction price is around US$220 million.
Bunge Ltd. (BG) is mulling plans to invest some $2.5 billion to bolster sugar and ethanol production in Brazil over the next five years, reported Bloomberg Tuesday. Bunge is the world’s second- largest sugar trader and may sell bonds to help finance the investments.
Bunge Executive Officer Alberto Weisser, revealed the investment plans Tuesday during a press conference.
“The investments come at the right moment, as the world is yearning for food and clean energy,” said Weisser.
Brazil’s Minister of Planning, Miriam Belchior, has again stressed today (August 22) that the construction of the Belo Monte dam is sustainable. She said the government is taking all the necessary measures to reduce the negative impact caused by the construction in the state of Para. "You show common sense through action, and we are acting," she said, referring to the protests against the dam construction last weekend in some Brazilian cities.
President and CEO of Brazil's Energy Research Company (EPE), Mauricio Tolmasquim, has announced that for the first time ever in Brazil, wind power prices are less expensive than natural gas prices. This announcement follows the results of energy auctions held last week by Brazil's National Electric Power Agency (Aneel).
Italy’s Enel Green Power has been awarded three highly efficient wind farm projects located in the Brazilian States of Rio Grande do Norte, Pernambuco and Bahia.
These projects will add 193 MW to Enel Green Power’s 90 MW of wind projects that were awarded last year and 93 MW of hydro capacity already in operation in Brazil.
Enel Green Power’s successful participation in the 2011 Brazilian New Energy Auction is a significant step forward in the deployment of its growth strategy in Latin America
BASF will invest in a world-scale production site for acrylic acid, butyl acrylate and superabsorbent polymers (SAP) in Camaçari, Bahia, Brazil.
The investment marks the first acrylic acid and superabsorbents plant in South America. With an investment volume of more than €500 million, it is the largest investment in BASF’s century-long history in South America.
Economics and Finance Ministers from the Union of South American Nations (UNASUR) have decided, in Buenos Aires, to take action in an attempt protect the continent from the economic crisis that has affected mainly the United States and Europe.
The Brazilian Ministry of Environment (MMA) and the United States Environmental Protection Agency (EPA) launched this week a Joint Initiative on Urban Sustainability. The partnership includes actions aimed at the challenges and opportunities for development of urban infrastructure that promote sustainable development with economic, environmental and social benefits.
Hexagon has acquired all shares in the Brazilian software and services provider SISGRAPH. SISGRAPH has been providing custom made Intergraph solutions to Latin America since 1980. SISGRAPH provides sales, consulting, implementation and training services for all Intergraph products in Latin America.
Cabral Resources Limited announced that it has entered into an Option Agreement to acquire an exciting new hematite project in Bahia, Brazil. The area acquired lies within a region of known hematite and magnetite mineralization associated with an anomalous aeromagnetic signature.
Hematite enrichment with potential for direct shipping ore (DSO) production is known to occur locally. Of significance is the deep magnetic low in the northern tenement area, cross-cutting a NNW-SSE trending magnetic high associated with banded iron-formation.
Halliburton Tuesday broke ground at the construction site of its new Technology Center at the Federal University of Rio de Janeiro (UFRJ) Technology Park, located at Ilha do Fundão, Rio de Janeiro, Brazil.
The groundbreaking represents a milestone in the Cooperation Agreement signed in 2010 between Halliburton and the UFRJ for the purpose of providing research and technology development projects in Brazil.
International iron ore company Centaurus Metals Ltd announced Monday that it has secured an exclusive option over a strategically located manganese project in the State of Minas Gerais, south-eastern Brazil.
The investment positions Centaurus to further expand its regional manganese exploration portfolio and develop a small-scale manganese project that would complement the Company’s emerging iron ore operations.